What would you do with 6700 m2 allotment? There is an existing 3 bedroom comfortable log cabin with a brick hearth. There is also an existing 4 bay garage with a toilet and shower in one bay. But there is still a lot of vacant land here. The rental return from the log cabin is $220.00 pw, and the tenant would like to stay on, even if the land is sub-divided.
The potential for subdivision is very good. The allotment has access to Cairns Street in the east, and it fronts Wills Street on the north. A possibility of strata title units might even be on the cards, fronting Wills Street.
Given the potential of this block, the price tag is extremely good.
Don’t waste too much time thinking about it. Look first – think later.